New York State Common Retirement Fund Boosts Holdings in Wingstop Inc. $WING

New York State Common Retirement Fund grew its position in Wingstop Inc. (NASDAQ:WING) by 3.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 109,025 shares of the restaurant operator’s stock after purchasing an additional 4,013 shares during the period. New York State Common Retirement Fund’s holdings in Wingstop were worth $27,439,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quaker Wealth Management LLC grew its stake in Wingstop by 134.2% during the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the restaurant operator’s stock worth $35,000 after buying an additional 408 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in Wingstop in the second quarter worth about $43,000. Hantz Financial Services Inc. grew its stake in shares of Wingstop by 4,200.0% during the second quarter. Hantz Financial Services Inc. now owns 129 shares of the restaurant operator’s stock worth $43,000 after acquiring an additional 126 shares during the last quarter. True Wealth Design LLC increased its holdings in shares of Wingstop by 623.8% during the second quarter. True Wealth Design LLC now owns 152 shares of the restaurant operator’s stock valued at $51,000 after acquiring an additional 131 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of Wingstop by 26.2% in the 2nd quarter. Signaturefd LLC now owns 188 shares of the restaurant operator’s stock valued at $63,000 after purchasing an additional 39 shares during the last quarter.

Wingstop Stock Performance

NASDAQ WING opened at $265.43 on Friday. The firm has a market capitalization of $7.38 billion, a P/E ratio of 43.23, a PEG ratio of 3.42 and a beta of 1.77. The stock has a 50-day simple moving average of $259.77 and a two-hundred day simple moving average of $274.28. Wingstop Inc. has a fifty-two week low of $204.00 and a fifty-two week high of $388.14.

Wingstop (NASDAQ:WING) last issued its earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.18. The firm had revenue of $175.74 million for the quarter, compared to the consensus estimate of $189.10 million. Wingstop had a negative return on equity of 16.17% and a net margin of 25.51%.The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 earnings per share. As a group, analysts forecast that Wingstop Inc. will post 4.18 earnings per share for the current year.

Wingstop Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 21st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.5%. Wingstop’s dividend payout ratio (DPR) is presently 19.54%.

Insider Buying and Selling at Wingstop

In related news, Director Kilandigalu Madati sold 269 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $259.97, for a total value of $69,931.93. Following the completion of the transaction, the director directly owned 5,283 shares in the company, valued at $1,373,421.51. The trade was a 4.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.72% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on WING shares. The Goldman Sachs Group dropped their target price on shares of Wingstop from $370.00 to $330.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. UBS Group reissued a “neutral” rating and issued a $295.00 target price on shares of Wingstop in a research report on Tuesday, October 28th. TD Cowen reaffirmed a “buy” rating on shares of Wingstop in a research report on Thursday, January 15th. Zacks Research downgraded Wingstop from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. Finally, Wall Street Zen upgraded Wingstop from a “sell” rating to a “hold” rating in a research note on Saturday, January 24th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $340.00.

About Wingstop

Wingstop Inc (NASDAQ: WING) is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company’s core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.